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The Journal of Real Estate Finance and Economics


The Journal of Real Estate Finance and Economics OnlineFirst articles


Time on Market and the Cash Discount for Condos

We investigate whether the cash discount for condos is affected by time on market (TOM). Theoretically and empirically, we show that the cash discount has two components: First, condos purchased with cash sell at a discount compared to …


Sustainability and Private Equity Real Estate Returns

This paper explores private equity real estate fund performance and voluntary environmental, social, and governance (ESG) disclosures. Using data from the National Council of Real Estate Investment Fiduciaries (NCREIF), it examines the …


The Aggregate and Distributional Impacts of Residence Policy Relaxation

Government often designs strict policy to control the conversion rate from temporary to permanent residents. The residence status may directly affect individuals’ migration decisions and housing tenure choices. We present a dynamic spatial …

Open Access 11-06-2022

The Volatility of Housing Prices: Do Different Types of Financial Intermediaries Affect Housing Market Cycles Differently?

Housing markets display several correlations to multiple economic sectors of an economy. Their enormous impact on economies’ health, wealth, and stability is uncontroversial. Interestingly, the forms of financing residential property vary widely …


How do Non-Core Allocations Affect the Risk and Returns of Private Real Estate Funds?

This paper documents that funds with greater non-core allocations have higher market risk exposure, β, but lower returns. Additionally, it documents that one reason their returns are lower is because they poorly time their investment into these …

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About this journal

Recent times have seen an expansion of theoretical and empirical research on real estate using the paradigms and methodologies of finance and economics. Examples of this research include the working and structure of markets, the role of various institutional arrangements, the attention given mortgages and asset securitization, risk management and valuation, and public policy and regulation. The Journal of Real Estate Finance and Economics provides a forum for the publication of this research. Coverage includes urban economics, housing, regional science and public policy.

Officially cited as:

J Real Estate Finance Econ

The Journal of Real Estate Finance and Economics
Volume 14/1997 - Volume 65/2022
Springer US
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